Contemporary russian money

Russian Paper Money | Contemporary period | 1993 serie

From 1991 until 1995 new notes appeared every year and 1993 was not an exception. New 100, 200 and 500 rubles notes appeared to begin with, followed by 1,000, 5,000 and 10,000 ones. At last the 50,000 appeared. By that time in was found that the last three (5, 10 and 50 thousand) banknotes were exactly the same size and printed on the same paper. Immediatly fraud began, erasing 5,000 notes and printing 50,000 on top of them. The bank had to withdraw all of them and replace by the new ones, differing by watermarks and paper color.